Advertisement
Australia markets closed
  • ALL ORDS

    7,937.50
    -0.40 (-0.01%)
     
  • ASX 200

    7,683.00
    -0.50 (-0.01%)
     
  • AUD/USD

    0.6532
    +0.0032 (+0.49%)
     
  • OIL

    82.98
    +0.17 (+0.21%)
     
  • GOLD

    2,340.20
    +1.80 (+0.08%)
     
  • Bitcoin AUD

    97,764.09
    -4,136.09 (-4.06%)
     
  • CMC Crypto 200

    1,357.08
    -25.49 (-1.84%)
     
  • AUD/EUR

    0.6091
    +0.0021 (+0.35%)
     
  • AUD/NZD

    1.0954
    +0.0012 (+0.11%)
     
  • NZX 50

    11,946.43
    +143.15 (+1.21%)
     
  • NASDAQ

    17,526.80
    +55.33 (+0.32%)
     
  • FTSE

    8,089.51
    +49.13 (+0.61%)
     
  • Dow Jones

    38,460.92
    -42.77 (-0.11%)
     
  • DAX

    17,957.72
    -130.98 (-0.72%)
     
  • Hang Seng

    17,284.54
    +83.27 (+0.48%)
     
  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     

Walgreens Just Got Another Piece of Bad News -- Should You Sell Its Stock?

Walgreens Just Got Another Piece of Bad News -- Should You Sell Its Stock?

The problem this time around is another instance of one of the company's bugbears over the last few years: legal settlements pertaining to its filling of opioid drug prescriptions. The latest piece of bad news is that Walgreens agreed on May 17 to a $230 million settlement with the city of San Francisco, which was suing it for lack of sufficient due diligence when it filled prescriptions for opioid medications.